US Ex-Im Bank export of Delta engine maintenance services to Brazil

US federal agency The Export-Import Bank of the United States said it has approved a final commitment for a USD 45.5m loan guarantee to Brazilian airline VRG Linhas Aereas SA.

The Ex-Im Bank supported financing will support the export of engine maintenance services by Delta Airlines (NYSE: DAL) subsidiary Delta TechOps.

Under the deal, GOL engines will be shipped from Sao Paulo, Brazil to Atlanta for heavy maintenance to be performed by Delta Air Lines´ maintenance, repair, and overhaul unit.

Last April, Ex-Im Bank also approved an USD 84.8m loan guarantee to GOL to support the export of maintenance services by Delta. More than 50% of GOL´s engine maintenance is currently provided by Delta.

Ex-Im Bank approved a second final commitment for GOL to support the export of a Boeing 737-800 aircraft with attached CFM56 engines. It is estimated that this transaction will support approximately 200 jobs at Boeing and its suppliers throughout the United States.

Find out more at www.exim.gov.